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Home Business News Politics

Official: CBN Instructs Banks To Compute Net Open Position Daily, from Monthly

Nairametrics by Nairametrics
January 30, 2015
in Politics
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  • The Central Bank has reduced the timeline for banks to compute the Net Open Position to daily
  • Before now banks computed net open positions monthly and forwarded such to the CBN
  • The new rule now mandates banks to compute daily and forward to the CBN daily
  • This new rule follows so many policy circulars released by the CBN in the last 3 months as it steps up efforts to save the naira from its steepest fall in years.
  • Press release by CBN

 

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